Announcement

General Meetings: Outcome of Meeting

15 January 2024

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Type of Meeting Extraordinary
Indicator Outcome of Meeting
Date of Meeting 15 Jan 2024
Time 10:30 AM
Venue(s) Broadcast Venue The Boardroom of Hektar Asset Management Sdn. Bhd. D1-U3-10, Solaris Dutamas, No. 1, Jalan Dutamas 1, 50480 Kuala Lumpur. Malaysia
Outcome of Meeting

The Board of Directors of Hektar Asset Management Sdn Bhd, the Manager of Hektar Real Estate Investment Trust (Hektar REIT) is pleased to announce that the resolutions set out in the Notice of Extraordinary General Meeting ("EGM") dated 21 December 2023 were duly passed by way of e-polling voting at the EGM of the Company held today, 15 January 2024. The result of the poll was verified by the Independent Scrutineer, Commercial Quest Sdn Bhd.

 

The result of the e-polling is set out below.

 

This announcement is dated 15 January 2024.

Voting Results

1. Ordinary Resolution 1
Description PROPOSED ACQUISITION BY MTRUSTEE BERHAD, BEING THE TRUSTEE OF HEKTAR REIT OF A SINGLE, 1 ½, 2 AND 3-STOREY BUILDINGS WHICH ARE CATEGORISED INTO ADMINISTRATION, ACADEMIC, RESIDENTIAL AND STUDENT FACILITIES FORMING PART OF THE FULLY RESIDENTIAL AND CO-EDUCATIONAL PRIVATE SCHOOL KNOWN AS 'KOLEJ YAYASAN SAAD' ("KYS COLLEGE" OR THE "SUBJECT PROPERTY") LOCATED AT AYER KEROH, MELAKA AND ERECTED ON PART OF THE LEASEHOLD LAND HELD UNDER PN 62892, LOT 9808, MUKIM OF DURIAN TUNGGAL, DISTRICT OF ALOR GAJAH, STATE OF MELAKA FROM KYS COLLEGE SDN BHD AT THE PURCHASE CONSIDERATION OF RM150 MILLION ("PURCHASE CONSIDERATION"), TOGETHER WITH THE NOVATION OF THE LEASE AGREEMENT TO THE TRUSTEE ON THE COMPLETION OF THE ACQUISTION ("PROPOSED ACQUISITION AND LEASE")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 411 56
No. of Shares 167,394,393 1,023,785
% of Voted Shares 99.3921 0.6079
Result Accepted

2. Ordinary Resolution 2
Description PROPOSED PLACEMENT OF UP TO 145,353,768 NEW UNITS IN HEKTAR REIT ("UNIT(S)") ("PLACEMENT UNIT(S)"), REPRESENTING UP TO 25% OF THE ISSUED UNITS TO THIRD PARTY INVESTORS ("PROPOSED PLACEMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 402 64
No. of Shares 166,963,543 1,444,636
% of Voted Shares 99.1422 0.8578
Result Accepted

3. Special Resolution 1
Description PROPOSED AMENDMENT TO THE INVESTMENT OBJECTIVES OF HEKTAR REIT TO FACILITATE THE PROPOSED ACQUISITION AND LEASE ("PROPOSED AMENDMENT")
Shareholder’s Action For Voting
Voted For Against
No. of Shareholders 407 54
No. of Shares 167,078,716 1,314,263
% of Voted Shares 99.2195 0.7805
Result Accepted
Attachment : Hektar-EGM Poll Result.pdf PDF, 140 KB